[Updated on Oct. 29 with salary data from Accounting Principals. Article was originally posted on Sept. 10.] You know fall is right around the corner when Robert Half releases its latest Accounting & Finance Salary Guide, and the 2021 edition is now available for download. But be warned: Due to everyone’s favorite pandemic, starting salaries […]
BDO of the Australian variety recently snagged a couple of partners from the Green Dot. First, former BDO audit partner John Bresolin got his old job back following a two-year stint as a partner at Deloitte in Sydney. BDO Sydney Managing Partner Grant Saxon said Bresolin started his career with BDO as a cadet in […]
That’s how many AICPA members are eligible for retirement this year, according to a 2015 exposure draft [PDF] put forward by the AICPA to add “retired” CPA status to the Uniform Accountancy Act. For several years, there has been discussion as to whether or not there should be a Retired-CPA status in the UAA. Currently, […]
Earlier this month, we shared an article from The Korea Times that outlined a critical surplus of accountants with Big 4 firms in that country stating they would be unable to extend offers to 330 of 1,100 new incoming professionals, whereas last year, firms offered jobs to all 1,009 new CPAs. This situation stands in […]
[Updated on Oct. 28 with additional information.] A tipster provided us this week with a post-busy season update about the goings-on at Andersen, and it seems like good news all around: All offices and laptops were closed on 10/16 and 10/19 to give employees 4 days of uninterrupted time off. Then the following announcements were […]
EY U.K. is so excited about its recent hire of a former PwC partner that someone in communications actually sent us this message earlier today: I absolutely loved the first two parts of your ‘EY Poaches Someone From PwC and Issues a Press Release,’ To complete the trilogy, I wondered if you’d be interested in […]
Damn you, ’Rona! One of the things our people remember about the #DeloitteU experience is the amazing food. What’s your favorite food at DU? pic.twitter.com/4nrfkryuC6 — Life at Deloitte (@lifeatdeloitte) October 27, 2020 Related article: Brisket, Blueberries Some of the Best Fare at Deloitte University: Sources
Alan White, who works for KPMG in Dallas, hasn’t been seen by family and friends since Oct. 22, according to WFAA in Dallas. His family has hired a private investigator and is working with police to look into his disappearance. WFAA reported: A video camera captured Alan White leaving an LA Fitness on Haskell in […]
The pendulum has swung: accountants and finance professionals can make more money—and have wayyyy more freedom—taking on freelance work, especially when compared to a full-time salaried position at a public accounting firm. Just imagine it! Working from home in your pajamas, setting your own hours, taking Netflix-and-nap breaks. No co-workers bugging you with stories of […]
Hey wannabe public accountants, Vault today released its ranking of the best accounting firms for interns in 2021, and of the 15 firms included, two are in the Big 4 while five others are among the top 15 largest firms in the U.S. More than 11,000 current and former interns were surveyed earlier this summer […]
More accountants behaving badly at BDO Puerto Rico. First it was good ol’ Fernando Scherrer, the BDO Puerto Rico managing partner who got indicted for taking part in a shady corruption scandal last year that also involved Puerto Rico’s former education secretary and the former head of the Puerto Rico Health Insurance Administration. Now, the […]
There was an explosion of initial public offerings in the U.S. in the third quarter, with 165 companies going public between July 1 and Sept. 30, raising more than $61.5 billion—by far the most active quarter in 2020 and the most active Q3 in the past five years, according to our friends at Audit Analytics. […]
It’s been a while since a top 25ish accounting firm in the U.S. has rolled out a new logo and rebranding. Baker Tilly is the last one that I recall when it ditched the bird logo in late 2018 and went to a lowercase font for its name with a logo that’s in the shape […]
Ed. note: Happy 10/23 to my fellow Fallout fans out there. Only 57 years to go! The Accounting Professional of Tomorrow [The CPA Journal] A long (but good) read that tries to answer the following questions: Is the accounting professional of tomorrow an endangered species? Supply and demand seems to be a key issue; why […]
Is Bill Thomas the most under-the-radar Big 4 global CEO right now? Everyone knows Bob Moritz, Punit Renjen, and Carmine Di Sibio. But if you don’t work at KPMG, or even if you do, did you even know Bill Thomas is the firm’s head chairman? I just now had to create a Bill Thomas tag for […]
Let’s pass out the cupcakes and green Kool-Aid, and celebrate Deloitte’s new class of managing directors for FY 2021: Bhawna Agarwal, Tax, Deloitte Tax LLP, Jersey City Jon Allred, Audit & Assurance, Deloitte & Touche LLP, Salt Lake City Aaron B. Bairani, Tax, Deloitte Tax LLP, Chicago Melissa Balmer, General Counsel, Deloitte LLP, Stamford Megan […]
It was way back in August of 2011 when the CPA exam first went international with 1,165 candidates sitting for 2,065 exam sections in Japan, Bahrain, Kuwait, Lebanon, and the United Arab Emirates. Just a year earlier, more than 10,000 international candidates traveled to the United States to sit for the CPA exam, a 22% […]
In a wide-ranging interview with CJ Prince of Chief Executive magazine, BDO USA CEO Wayne Berson used “BDO” and “powerhouse” in the same sentence, said “no one wants to go to the 5th best firm” (you got dissed, RSM US) but “we don’t see ourselves as inferior to the Big Four,” and explained what CLIMB means […]
The saga between Florida and Deloitte Consulting—a relationship bizarre enough to be reported by TMZ or covered by Perez Hilton—keeps on keeping on, as the state’s Agency for Health Care Administration is going ahead with Big D on a potential $135 million contract to overhaul Florida’s Medicaid data system, according to the Tampa Bay Times. […]
For as long as I can remember, KPMG has always been the butt of Big 4 jokes: Big 3 + KPMG, a golf apparel company masquerading as a Big 4 firm, the red-headed stepchild of the profession, always a bridesmaid and never a bride, Scott London, Caleb worked there, etc. But with the whole “pancakes […]
… and the ‘Rona killed it. In a Fast Company article this week, we find that the much-hated open office is likely in its death knell, just another victim of that pesky global virus. It’s been embraced for saving money, hated for its lack of sound privacy, blasted for reinforcing sexist behavior, and even cited as a […]
Being accused of treating its garment workers like complete garbage has resulted in U.K. online fashion retailer Boohoo searching for a new audit firm after PwC recently resigned. And according to The Telegraph, none of the other largest audit firms in Britain wants to touch this engagement—except for maybe one: Deloitte, KPMG, BDO and Grant […]
Late on Friday a couple people told us about some good news for BDOers, especially for those not getting raises this year. Not sure about Audit and other Departments but BDO just announced they would be paying back the salary that was reduced in May – July with the Dec. 15 paycheck. And from the […]
[Updated on Oct. 19 with information about BDO USA.] In case you haven’t noticed, there have been a lot of salary reductions and jobs lost throughout public accounting over the past couple weeks as a result of the coronavirus pandemic. And it sucks. So we’ve started compiling a list of firms that have resorted to […]
“We are musicians, we hired the people who we thought were the best in the world. And he failed us.” — Georg Holm, bassist for the legendary Icelandic post-rock band Sigur Rós, said about the band’s accountant Gunnar Ásgeirsson, who worked at PwC. I’ve got a few Sigur Rós albums on CDs that I burned […]
String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them [Wall Street Journal] This year, $2 billion is missing at a German fintech company, $300 million of sales has been found to be fabricated at a Chinese coffee chain and $5 billion in undisclosed debt has been uncovered at two related […]
EY, Female Ex-Principal End Lawsuit Over Bias Arbitration Costs [Bloomberg Law] Have we mentioned before how much Big 4 firms love it when claims against them by former employees go to arbitration? EY and a female former principal allegedly subjected to sexual harassment, retaliation, and other sex discrimination throughout her time with the firm agreed […]
Let’s see, since the start of the pandemic, EY has done performance-based separations layoffs in Canada, Israel, Mexico, and, of course, the U.S. Now we can add Ireland to the list. This just hit our tipline: Not as impressive as the few hundred pink slips being given out across the US, but it was announced […]
Welp, you made it. Somehow it’s already October and would you look at that, the 15th no less. For those of you grinding all the way to the finish line, I thought I’d drop this here. You know, just in case. See you on the other side, you got this.
It was new partner promotion announcement day at KPMG yesterday, and there are 119 individuals in the class of FY 2021 who will do Paul Knopp’s bidding. Speaking of Knopp, the firm’s chairman and CEO exalted the newest members of the club on LinkedIn Tuesday: Each of these talented professionals has demonstrated exceptional professional excellence […]
There is no other accounting firm in the U.K. that wants its name mentioned with the Big 4 more than BDO. That firm is like your 7-year-old brother who wants to play street hockey with you and your high school friends after school because he wants to be around and thinks he can compete with […]
[Updated with additional information.] While I was on staycation last week, this came through the tipline: BDO audit will be giving raises of 2% on average on 11/1. Some employees will receive nothing, some less than 2%, and some more than 2%. We haven’t heard anything yet about possible raises at Bravo Delta Oscar for […]
Adrienne mentioned this in Footnotes on Friday, but just in case you missed it, former KPMG partner David Britt won’t be serving any time behind bars for his role in the audit firm’s scheme to cheat the PCAOB inspection process a handful of years ago. Instead, Britt, 57, who is a resident of North Carolina, […]
Going Concern’s Job of the Week features a CPA firm looking for a Remote Accountant with a strong working knowledge of Sage-Intacct and church client experience. If you are interested in this job, we invite you to apply with Accountingfly. APPLY NOW (updated link) | Accountingfly connects you with virtual accounting jobs with the best […]
That’s how much Canadian companies paid on average in audit fees in 2019, up from $621,000 in 2018, according to a post by our friends at Canadian Accountant, citing research from Audit Analytics: “Since 2007, the average amount of audit fees per Canadian company has continued to increase each year, with the largest increase coming […]
Remember way back in March when the world came to a stop and offices everywhere shut their doors to employees, driving many of us inside? I distinctly remember the collective sentiment being something like “well, whatever, it’ll be over in a few weeks.” In fact, when my own state’s governor locked us down until the […]
Becker CPA Review wants you to master virtual recruiting and interviews, here’s how you do it. Recruiting season is anxiety-inducing enough in the most normal of times: making small talk, promoting yourself without coming off as self-absorbed, and let’s not even get into worrying about your lunch lingering in your teeth. As Covid drove the […]
KPMG bank auditor avoids prison for ‘regulatory corruption’ [Reuters] A Manhattan federal judge sentenced former KPMG audit partner David Britt to home confinement on Friday over his role in a scheme to get access to a regulator’s audit inspection plans, saying his deportation to Australia after living for decades in the United States was itself […]
Chugging right along for what will no doubt be considered the worst recorded year in human history, there’s at least a small bit of good news to be gleaned from the dumpster fire that is 2020: CPA exam scores continue to be released on time. #CPAExam candidates! Waiting for your score(s)? They will be released […]
That’s how many consultants Deloitte UK has deployed to work on a coronavirus contact tracing project for the UK government. Some other notable numbers: The Department of Health and Social Care (DHSC) has engaged the services of other consultants from McKinsey, BCG, PWC, KPMG and EY as well however the number of consultants from all […]
While we here in the good ole U.S. of A. are constantly talking about the “talent shortage” and industry concerns that not enough new accounting grads are taking the traditional CPA path, South Korea has a different problem: too many CPAs, not enough jobs. According to a report in The Korea Times, the Big 4 […]
In a nationwide email to staff today, EY announced that they’re tweaking their vacation policy. Although it’s framed as a switch to “flexible” time-off, the biggest change is that — excluding states in which this practice is illegal — the firm will not be paying out accrued PTO to individuals who leave or are fired […]
A Minnesota accountant was sentenced last week for stealing from his client and is now on the hook to pay back $355,000. The StarTribune reports: A Duluth accountant says he will pay back more than $355,000 he stole from two local businesses, including the Duluth Area Chamber of Commerce, after pleading guilty on Monday to […]
FASB Further Delays Accounting Rule on Insurance Contracts [Wall Street Journal] The rule maker, which sets accounting standards for companies and nonprofits in the U.S., in June proposed a delay of another year for the new rule amid the economic harm caused by the coronavirus pandemic. The rule was first delayed by a year last […]
Thirty-five years ago this week, Microsoft Excel was born. Which means if you were born prior to 1985 you lived in a world without Excel. Unless you were born much earlier than 1985 chances are you didn’t even notice. 35 years 🥳 pic.twitter.com/YFXTJZ4npl — Microsoft Excel (@msexcel) September 30, 2020 Of the great inventions of […]
With the news this week that KPMG trashed a bunch of its workforce cuz Rona or whatever, we thought this might be a good time to talk about what you should do if you think you might get the axe. I wish I’d read an article like this a few years back when I got […]
Sadly, Deloitte partners are probably going to have to put off buying that new McLaren 720S or Mercedes-Benz S-Class until next year. The Times reported today: Partners at Deloitte are in line for a 17 per cent pay cut after revenue growth slowed during the Covid-19 pandemic. The 709 equity partners of Deloitte’s British arm […]
We got a tip the other day that KPMG of the Canadian variety finally released its roster of new partners, and there are 69 lucky boys and girls who now get to take a seat at the grown-ups’ table. Here’s a look at the class of 2020 by the numbers: 30: The number of new […]
[Updated with additional information.] As I am writing this, it is 12:30 a.m. ET on Oct. 1. Happy first day of October, everyone. And happy return-to-the-office day for all of you Marcum capital market servants. Especially to the employees who work at the firm’s office in New Haven, CT. These poor folks still gotta come […]
[Updated on Sept. 30 with additional information.] Two days before the start of KPMG’s 2021 fiscal year, massive layoffs unfortunately occurred at the firm on Tuesday. We received confirmation that 1,400 people, less than 4% of KPMG’s workforce, would be notified this afternoon that they no longer have a job with the firm. In a […]
Tina Frost (right) pictured with her mother, Mary Watson Moreland. As we approach the third anniversary of the awful mass shooting in Las Vegas during the Route 91 Harvest Festival outdoor country music concert, the family of Tina Frost provided an update a few weeks ago on her recovery. Frost, an accountant with EY in […]
From the mailbag: Crowe raises are occurring and effective 10/1. Wide range as low as 2% to as high as 15%. Promotion raises lower than typical 12%. No back pay or bonuses for missed time since April cuts. No 401k match. So when we reported back in April about the hundreds of job cuts at […]
Welp, it’s been another depressing day covering the world of public accounting. About 1,400 people lost their jobs at KPMG on Tuesday, and since the pandemic started, thousands of other Big 4 employees in the U.S. have been let go from Deloitte, EY, and PwC. Another firm that put its employees through the ringer a […]
A new Financial Times report once again makes EY look completely incompetent as the auditors of the ill-fated German payments company Wirecard: EY was warned in 2016 by one of its own employees that senior managers at Wirecard may have committed fraud and one had attempted to bribe an auditor. The revelation that an EY […]
We love our friends on #TaxTwitter, so after the New York Times released its exposé last night on how much President DJT has paid in income taxes (or the lack thereof) in the past 15 years, we knew they would have a lot to say on the matter, even though they are up to their […]
We heard some good news late on Friday for those serving the capital markets at CliftonLarsonAllen. From the tipline: Lost wages are planned to be paid back to all employees therefore making all employees whole for 2020. This will happen as of Oct. 19, our tipster added. It’s been an interesting six months for CLA […]
For more than 11 years I have spent the last three or four months of every year urging CPA exam candidates to schedule their exams lest they miss out on desired dates. Now that I think about it, it’s actually been closer to 13 years, as I started in CPA review way back in 2007. […]
Unless you were one of the few who had the foresight to deck out your crib in multiple monitors just before SHTF this past spring, you’ve probably needed to improve your WFH set up just a bit in the months since. And because a large portion of this website’s entire purpose is serving as Steve […]
Because of the coronavirus pandemic, the petals on the Purple Rose of Chicago wilted some this year. Despite reporting a record high $1.92 billion in revenue for the fiscal year that ended on July 31, Grant Thornton’s revenue only increased 1% in FY 2020 over last year’s $1.9 billion. CEO Brad Preber commented: “Our success […]
[Article updated with new sentencing date.] A Manhattan federal court judge will decide next month whether former KPMG executive David Britt should spend some time inside a jail cell for his involvement in a scheme to steal secret audit inspection information from the PCAOB. But if Britt, former co-leader of KPMG’s Banking and Capital Markets […]
AICPA and CPA.com See Strong Initial Response to New .CPA Internet Domain [Business Wire] Thousands of CPA firms, including many of the nation’s largest, have moved quickly to reserve their existing branded domains under the new restricted Internet domain, .cpa, according to CPA.com. Well over half of the 100 biggest U.S. firms – as well […]
Plus, two Deloitte partners implicated in U.K. insolvency lawsuit, and KPMG gets out of $1.1 billion suit in Oceanografia scandal. A former PwC partner who sued the firm for $15 million just had a major setback in his case, pushing the pay spat behind closed doors [Business Insider] Big 4 firms salivate when a lawsuit […]
From the tipline yesterday: EY just won the NASA audit. Well that’s a pretty nice get for the Black and Yellow. Our source didn’t have much more info to share other than (s)he found out during a Government and Public Sector call on Wednesday and that EY prevailed in the competitive bidding process. So which […]
[Updated on Sept. 23 with additional information.] EY management stuck to their narrative today that the recent layoffs at the firm aren’t layoffs but performance-based separations that were justified, even though many of those who have contacted us after losing their jobs said they weren’t on any type of performance improvement plan. First, before EY […]
In this still-new world of virtual work for office drones everywhere, it’s inevitable that some people find the adjustment to work-from-home harder than others. For some people, their issues revolved around muddy work schedules and a crumbling routine. For others, however, work-from-home exposed one basic fact that has probably been known for quite some time […]
[Updated on Sept. 23 with additional information.] Thanks to two sources, here’s the email Marcum CEO, Chairman, and Going Concern bestie Jeffrey Weiner sent to employees on Sept. 14 about expectations for returning to the office: Stay-at-home orders were put into effect in March as a response to the COVID-19 pandemic. Most businesses and schools […]
Back in the spring, right around the time the country was going to hell in a handbasket due to the Rona, Deborah Gordon had been wooed by RSM US to leave her job as leader of KPMG’s Federal Excise Tax practice to lead the Excise Tax practice at Really Still McGladrey. About four months later, […]
Earlier this month, Commerzbank, Germany’s second-largest lender, and DWS Group, Deutsche Bank’s asset-management arm, both decided against using EY Germany as their auditor because they were freaked out by how bad this Wirecard accounting scandal has become. This was followed by EY Global Chairman and CEO Carmine Di Sibio sending a letter to clients, expressing […]
We meant to post this a few weeks ago, but with the layoffs, angry letters about the layoffs, FY 2020 global revenues, and new partner promotions at EY taking up a lot of our time of late, this got put on the back burner. Thanks to a source, here is the return-to-the-office update from Jay […]
From Reuters today: Britain’s accounting regulator said it has delivered its initial report into KPMG’s audit of builder Carillion, an indication that apparent rule breaches have been found. The construction company’s collapse in 2018 angered lawmakers who called on the Competition and Markets Authority to consider breaking up top accountants to increase competition and auditing […]
Remember back in February 2019 when about 130 lawyers fled France’s largest law firm, Fidal, to go work at KPMG France’s new legal practice, KPMG Avocats, and Fidal managing partner Yves de Sevin was pissed and said the firm was going to sue the pants off of KPMG for “unfair competition?” Well, we have an […]
“[The Florida Agency for Health Care Administration] ignored information that, by its nature, would be expected to have a strong bearing on whether the intended awardee is ‘responsible,’ that is, whether it has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance.” […]
Ed. note: we are continuing to experience some intermittent website issues, so please be patient while these are addressed on our end. Even the server has a touch of the ‘rona mental breakdown going around, it happens. EY chairman admits ‘regret’ over Wirecard failures in letter to clients [Financial Times] The global chairman of EY […]
We saw this being discussed on the chatter sites earlier this week, but because our website has been hot garbage (as I’m sure many of you noticed) off and on since last Sunday, we couldn’t post anything. However, now that GC is back online and we’ve gotten tips from two sources at KPMG within the […]
PwC is no longer the answer to the trivia question: “Which Big 4 firm in the U.K. received the largest fine from the Financial Reporting Council?” That distinction now belongs to Deloitte. The Queen’s Deloitte was fined £15 million by the U.K.’s audit cops, as well as ordered to pay an additional £5.6 million to […]
Interesting little thing NASBA tweeted out today that we thought would be worthwhile to share with you all, a master list of jurisdictions that have granted credit extensions. You’ll note it’s pretty much everybody and you don’t have to do anything in order to get one. As you can see from the chart, most states […]
[Updated on Sept. 15 with additional information.] While EY in the U.S. is continuing to tell people in its tax, risk, and assurance practices that their services are no longer needed, we’ve been told that a second round of layoffs has begun in Canada, particularly in Ontario. A source said: Another round of firings has […]
After perusing Deloitte’s FY 2020 global revenue announcement and impact report today, I thought I’d highlight some of the good news and some of the bad news over the past 12 months for D-towners everywhere. First, the good: For the fifth consecutive year, Deloitte has won the Big 4 revenue dick-measuring contest by reporting $47.6 […]
The names of the newest Deloitte partners and principals for FY 2021 has finally made its way online, but before we recognize this band of overachieving Green Dotters, let’s take a look at the latest class by the numbers: 59: The number of new partners and principals in consulting, the most of any service line, […]
Good news, y’all. Although the next CPA exam score release was supposed to be September 16 (that’s this Wednesday for those of you who have lost all sense of time these days), NASBA announced today that scores will be released tonight, September 14 at 9 p.m. Central. #CPAExam candidates: The scores for the scheduled September […]
TPTB at DHG announced last week the top 20 firm’s newest class of six partners and two principals. The class of 2020 is a bit larger than the seven who earned their stripes last year but smaller than the 13 new partners and principals in 2018, 11 in 2017, nine in 2016, 16 in 2015, and 12 in […]
Presented without comment. Happy Saturday, y’all.
Ed note: An EY employee who wished to remain anonymous asked us to post this letter to EY management regarding the recent layoffs at the firm because “management tends to ignore our questions when we raise them internally.” Here is the letter: Integrity and honesty are the foundations of public accounting. With great trust, the […]
2020 CPA CFE successful despite hotel room exam setting [Canadian Accountant] CPA candidates were not allowed to sleep in the rooms but could book the rooms in the same hotel. While they were anxious about this new format and possible technological problems, the three-day exam appears to be a success. “It was amazing, I got […]
The second contestant in the Big 4 global revenue pissing match came out with its FY 2020 financial results today, and EY continued to exert its dominance of third place. The Black and Yellow announced global revenue of $37.2 billion for the fiscal year that ended June 30, a 2.3% increase in U.S. currency terms […]
When the world went to shit way back in March, it seemed like it happened almost immediately. I don’t know about you guys but I remember going to the bar with my boyfriend in February thinking “no biggie, we’ll be back here in a couple weeks” and next thing I knew, three months had gone […]
[Updated on Sept. 10 with additional information.] Back in late June, we were told that Plante Moran employees wouldn’t be getting raises this year, that the firm was only paying out bonuses at 75%, and that there wouldn’t be a 401(k) match, presumably due to the COVID-19 crisis. Well, we got an update this week […]
The Little Dipper of accounting firms, BDO USA, announced today that its FY 2020 revenue increased 11.3% (I calculated 9.8%, but whatever) to $1.8 billion, up from $1.64 billion last fiscal year. That all looks great on paper, especially during this year of our COVID Lord 2020, but like RSM US, which also reported a […]
Mike McGuire, our favorite mustachioed retired CEO of Grant Thornton, must have had some extra time on his hands because he is the newest member of the board of directors at Charlotte, NC-based Akoustis Technologies Inc., a provider of bulk acoustic wave high-band RF filters for mobile and other wireless devices. McG is now the […]
It isn’t every day “accountants” go viral, but apparently that’s just what happened when actor Rocky Paterra made his “I’m an Accountant” TikTok, which to date has 2 million views. The gist of it is he got sick of trying to explain what he does for a living and instead just tells people he’s an […]
Because we recognized the newest partner classes at PwC Canada (under somewhat shady circumstances) in July and Deloitte Canada yesterday, we thought we’d do the same for the brand-new rainmakers at EY Canada. EY’s new partner/principal class is the smallest of the three firms, coming in at 20. Here are a couple other stats of […]
We hope you guys aren’t tethered to your desks today and are enjoying your Labor Day. Today is also Labor Labour Day in Canada, and we hope our friends to the north are also enjoying a relaxing day away from the grind. We’re pretty certain the newest partners at Deloitte Canada aren’t cracking open their […]
Tim Ryan must be taking his favorite pillow camping this Labor Day weekend: View this post on Instagram How are you spending your Labor Day weekend? I'm going camping! #pillowlife #PwCAllin #pwcpillow A post shared by @ pwcpillow on Sep 5, 2020 at 11:31am PDT You forgot a hashtag, Pillow. #PwCProud Related article: Move Over […]
Commerz, Deutsche Money Management Arm Fire Auditor In Case They Decide To Sue It [Dealbreaker] Commerzbank is on the lookout for a new auditor. Deutsche Bank’s asset management business, having already chosen one, has changed its mind. The loser in both cases is Ernst & Young, which has found itself with a bit of egg […]
I realized the other day we hadn’t posted about pass rates in a while, and upon looking it up I found my hunch was correct, as the last time they were mentioned was January when we touched on 2019 CPA exam pass rates. Y’all remember January? Oh if only we knew then what was coming […]
In June of last year the AICPA announced it finally managed to convince ICANN — the Internet Corporation for Assigned Names and Numbers — to let it manage the .cpa domain, citing consumer trust in an increasingly dangerous internet landscape. After all, you wouldn’t want Certified Parking Attendants or Citizens of Pennsylvania hijacking that all-important […]
Thanks to one of our friends at EY, we got our hands on a spreadsheet that lists the names and locations of the 600 newest partners and principals at the House of Di Sibio. Of those 600, 133 are based in the good ol’ US of A. Here’s a look at the class of 2020 […]
Marcum Chairman and CEO (and Going Concern’s biggest fan, so we’re told) Jeffrey Weiner deified 20 new partners on Sept. 1. The class of 2020 is larger than last year’s class by four partners, so some obnoxious little virus wasn’t going to stop Weiner & Co. from handing out more golden tickets this year. Here […]
Lawsuits against the Big 4 firms are a dime a dozen, but discrimination lawsuits make the most headlines. Like the two older CPAs who sued PwC for age discrimination (and WON!) and gender discrimination lawsuits against KPMG and EY, which either didn’t go or hasn’t gone according to plan for the plaintiffs. Now it’s Deloitte’s […]
That is how much the Big 4 firms have been paid to advise the U.K. government on its response to the coronavirus pandemic, according to the Financial Times. In comparison, the three biggest consulting firms—McKinsey, Bain, and Boston Consulting Group—were awarded contracts worth £9.5 million. According to FT: A total of 106 contracts worth £109m […]
